president, you are going to have a trillion dollar deficit. he said, i haven't done anything yet. >> we cannot keep looking our children in the eye knowing that we're going to give them a diminished future because we are spending their money today. we have got to stop spending we don't have. we must cut spending. we must get this debt under control. abc news martha reddick moderates. you can watch the debate. your action, calls, e-mails and tweets. follow our life coverage on radio, steve, and online at c-span.org. >> in 1984, democratic president mom knee walter mondale made history when he chose geraldiner ferraro as the first female on a major party ticket. . it's an hour and a half. >> good evening, i'm dorothy ridings, from the league of women voters. our panelists today is the national correspondent for u.s. news and world reports, jack white, correspondent for "time" magazine, norma quorrels, correspondent for nbc news, and a representative from eye knight-ridder newspapers. sandra van oker is our moderator tonight. >> thank you, doroth